The Goldman Sachs Group (NYSE:GS) CAO Sheara Fredman Sells 4,863 Shares

The Goldman Sachs Group, Inc. (NYSE:GS) CAO Sheara Fredman sold 4,863 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $923.75, for a total transaction of $4,492,196.25. Following the transaction, the chief accounting officer owned 10,301 shares of the company’s stock, valued at $9,515,548.75. This trade represents a 32.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

The Goldman Sachs Group Stock Down 0.3%

NYSE:GS opened at $929.34 on Wednesday. The company has a market cap of $278.74 billion, a PE ratio of 18.12, a P/E/G ratio of 1.14 and a beta of 1.33. The firm’s 50 day simple moving average is $888.46 and its 200 day simple moving average is $805.03. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $984.70.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $11.95 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be given a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group’s payout ratio is currently 35.09%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after purchasing an additional 508 shares during the period. Revolve Wealth Partners LLC raised its holdings in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after purchasing an additional 58 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in The Goldman Sachs Group by 90.1% in the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after buying an additional 735 shares during the period. City Holding Co. lifted its stake in shares of The Goldman Sachs Group by 40.7% in the 2nd quarter. City Holding Co. now owns 615 shares of the investment management company’s stock valued at $435,000 after purchasing an additional 178 shares during the period. Finally, Moody Lynn & Lieberson LLC lifted its position in The Goldman Sachs Group by 7.5% during the second quarter. Moody Lynn & Lieberson LLC now owns 8,047 shares of the investment management company’s stock valued at $5,695,000 after buying an additional 561 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on GS. Zacks Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Dbs Bank upped their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Bank of America raised their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. UBS Group boosted their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Finally, Barclays increased their price objective on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $898.00.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman Sachs promoted seven partners into its management/leadership group, signaling organizational depth and stronger management bench that can support growth across wealth, asset management and investment banking. Goldman Sachs Adds Seven Partners to Top Leadership Group
• Positive Sentiment: RBC Capital labeled GS a “preeminent global investment bank,” which supports valuation and analyst sentiment around GS’s franchise strength. RBC Capital—Preeminent Global Investment Bank
• Positive Sentiment: Coverage and corporate actions: Goldman Sachs BDC priced a $400M notes offering — shows activity in its credit/BDC unit and access to capital for deployments. Also covered in media: GS and peers have been part of recent dividend-raise conversations. GS BDC Prices $400M Notes Offering
• Neutral Sentiment: GS research is active and visible: the firm is publishing views on metals (why gold is rising; silver outlook) and macro risk appetite (saying investor appetite for risk is at a multi-year high). These items underline trading/research revenue exposure but are indirect drivers of the stock. Why Gold Prices Are Rising — Goldman Sachs View
• Neutral Sentiment: Goldman also published outlooks on silver volatility and reiterated thematic research (including a reaffirmation of preference for Nvidia within AI compute), which highlights the strength of its equity research but has mixed near-term P&L implications. Why Silver Prices Are Down — Goldman Sachs Predicts
• Negative Sentiment: Insider selling: multiple senior insiders disclosed sizable share sales (treasurer Carey Halio, CAO Sheara Fredman and Kathryn Ruemmler among others) last week, each reducing their positions substantially — a near-term negative for sentiment given scale and timing. Insider Sale SEC Filing (example)

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.